PJSimon, good McLaren link there.
That $US index is extremely interesting, as he says a good clue, but will it dive, or rise?
Certainly the sentiment is very bearish, and near a bottom that may well indicate a bottom is nigh.
It's double bottomed with the September 2008 low, and oversold on the weekly chart--but then it has been since May.
I haven't posted a weekly version of the dollar index (the daily is beneath it here), but it may show more clearly where it's at historically.![]()
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